Navigation: Loan Screens > Account Information Screen Group > Additional Loan Fields Screen > Origination/Maturity tab >
Collateral Code
Entry: System, list icon
F/M: Yes
Mnemonic: LNCOLL
Screen: Loans > Account Information > Additional Loan Fields > Origination/Maturity tab
This field is used to describe the collateral for a given loan. This field is file maintainable. What is selected in the Collateral Code field affects how the Account Type (Field 9 of the Base Segment) is recorded in the Credit Bureau Report and transmission file (FPSRP184) sent to Credit Bureaus. See the Credit Bureau Type (Account Type) topic on the Credit Reporting screen for more information.
Click the list icon to view and select the collateral code tied to this loan. The following is a list of available collateral codes.
Code |
Description of Collateral Code |
---|---|
0000 |
Collateral code not used |
0001 |
Single family - new |
0002 |
Single family - previously occupied |
0003 |
Single family condominium - new |
0004 |
Single family condominium - previously occupied |
0005 |
2 to 4 family units - new |
0006 |
5 to 36 family units - new |
0007 |
37 or more family units - new |
0008 |
5 to 36 family units - previously occupied |
0009 |
37 or more family units - previously occupied |
0010 |
Non-residential (other improved real estate) |
0011 |
Combination home and business |
0012 |
Churches |
0013 |
Churches and single family |
0014 |
Housing for the aged |
0015 |
Developed building lots, acquisition and development of land and unimproved land loans - residential (1-4) |
0016 |
Developed building lots, acquisition and development of land and unimproved land loans - non-residential |
0017 |
Developed building lots, acquisition and development of land and unimproved land loans - multi-family residential (5 units or greater) |
0020 |
Secured by farm land |
0025 |
2 to 4 family units - previously occupied |
0040 |
Vacation property |
0100 |
Commercial loans - secured by other than real estate 5 |
0102 |
Inventory |
0105 |
Accounts receivable |
0106 |
Equipment - non-farm |
0107 |
Equipment - farm |
0108 |
Livestock |
0109 |
Commercial loans - secured by real estate |
0110 |
Commercial loans - unsecured |
0120 |
Commercial - SBA |
0130 |
Loans to finance agricultural production |
0190 |
Commercial real estate second mortgages |
0200 |
Home improvement loans/second mortgages |
0201 |
Equity second mortgages |
0202 |
Equity second mortgages - revolving open end loans |
0203 |
Equity first mortgages - revolving open end loans |
0204 |
Equity first mortgages |
0205 |
Real estate secured - consumer loan or HIL based primarily on the credit-worthiness of the borrower. |
0210 |
Education loans |
0220 |
Consumer automobile loans - new |
0221 |
Consumer automobile loans - used |
0230 |
Credit cards |
0231 |
Other revolving credit plans |
0235 |
Unsecured consumer loans |
0240 |
Other loans for household family and other personal expenditures |
0241 |
Assignments of contractors and securities |
0242 |
Assignments of contracts - commercial |
0245 |
Loan on savings |
0246 |
Deposit loans - commercial |
0250 |
Mobile home loans - retail |
0251 |
Mobile home on rented property |
0260 |
Recreational vehicles |
0262 |
Boats, motorcycles |
0269 |
Airplanes |
0300 |
Consumer leases |
0310 |
Non-consumer leases |
0350 |
Dealer flooring |
0400 |
Loans to financial institutions |
0401 |
Loans to holding companies of other depository institutions |
0410 |
Loans for purchasing and carrying securities |